Airbnb ABNB, +11.83% set terms for its initial public offering on Tuesday with plans to offer 51.9 million shares priced at $44 to $50 each. The global online-rentalplatform would raise $2.595 billion at the top of that range. Airbnb has applied to list on Nasdaq under the ticker 'ABNB.' There are 37 banks underwriting the deal, led by Morgan Stanley and Goldman Sachs. The company's business was severely impacted and continues to be affected by the coronavirus pandemic. Although it is starting to mount a comeback as it adjusts to the new realities of limited travel for business and pleasure, Airbnb ABNB, +11.83% has lost more money in the first nine months of this year than it lost all of last year. Its gross booking value was down nearly 40% and its revenue declined more than 30% year over year.